Demand: Qd=900-2P+3Pa+0.4M+1.5A
Supply: Qs=45500-0.5P
Qd = Quantity demanded
P = Price of Myvi car (in RM)
Pa = Price of Produa Asia (in RM)
M = Average consumer income (in RM)
A = Promotional expenses
Qs= Quantity demanded
Q1: Compute the equilibrium price and quantity demanded of Myvi cars if Pa=38,000, M=3,500 and A=10,000